Clifford Chance (CC) and Linklaters have advised on a major Asian deal that will see Singapore's sovereign wealth fund Temasek acquire shares worth $2.3bn (£1.5bn) in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs. The deal, announced last week (16 April), will see Temasek buy all of Goldman's H-shares - shares listed on the Hong Kong Stock Exchange - taking its ownership of H-shares to 5.3% and its total stake in ICBC - the world's largest bank by market value - to 1.3%.
April 22, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Linklaters have advised on a major Asian deal that will see Singapore’s sovereign wealth fund Temasek acquire shares worth $2.3bn (£1.5bn) in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs.
The deal, announced last week (16 April), will see Temasek buy all of Goldman’s H-shares – shares listed on the Hong Kong Stock Exchange – taking its ownership of H-shares to 5.3% and its total stake in ICBC – the world’s largest bank by market value – to 1.3%.
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